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<!DOCTYPE html> <html lang="en"> <head> <meta charset="UTF-8"> <meta name="description" content="California Debt and Investment Advisory Commission (CDIAC)"> <meta name="keywords" content="CDIAC,california debt and investment advisory commission,about cdiac,debt issuance data and reporting fee information"> <!-- head content, for all pages --> <meta name="robots" content="NOODP" /> <meta name="googlebot" content="NOODP" /> <!-- For all browsers --> <link rel="stylesheet" type="text/css" media="screen, projection, print, tv" href="/style/styles.css" /> <link rel="stylesheet" href="/style/design02.css" media="screen, projection, print, tv" type="text/css" /> <link rel="stylesheet" href="/style/footer-without-dark-container.css" media="screen, projection, print, tv" type="text/css" /> <link rel="stylesheet" href="/style/navigation-mininav.css" media="screen, projection, print, tv" type="text/css" /> <!-- For everything else --> <link rel="shortcut icon" href="/favicon.ico"> <!-- Include Google Analytics --> <script type="text/javascript" src="/javascript/gatag.js"></script> <script type="text/javascript"> var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-1867705-1']); // you MUST replace this with your google analytics profile code, either from your own google account, or contact OTech to have one set up for you _gaq.push(['_gat._anonymizeIp']); _gaq.push(['_setDomainName', '.ca.gov']); _gaq.push(['_trackPageview']); _gaq.push(['b._setAccount', 'UA-3419582-2']); // statewide analytics - do not remove or change _gaq.push(['b._setDomainName', '.ca.gov']); _gaq.push(['b._trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 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<html lang="en"> <div id="head_search"> <form action="/serp_new.asp" id="local_form"> <div class="textfield_container"> <input type="hidden" name="cx" value="001779225245372747843:crby_i19opu" /> <input type="hidden" name="cof" value="FORID:11" /> <input type="hidden" name="ie" value="UTF-8" /> <label for="search_local_textfield" class="hidden">Search this site: </label> <input type="text" name="q" id="search_local_textfield" size="40" value="Search" onfocus="if(this.value=='Search')this.value=''" onblur="if(this.value=='')this.value='Search'" /> </div> <div class="submit_container"> <input type="image" alt="Search" title="Search" name="sa" src="/images/design02/header_search_submitbutton.png" /> </div> </form> </div> </html> <div id="navigation"> <ul id="nav_list"> <li><a href="/index.asp" class="nav_level1_link">Home</a></li> <li><a href="/cdiac/index.asp" class="nav_level1_link">CDIAC Home</a></li> <li><a href="/cdiac/contacts.asp" class="nav_level1_link">Contacts</a></li> <li><a href="/cdiac/seminars/index.asp" class="nav_level1_link">Register for a Seminar or Webinar </a></li> </ul> </div> <div id="img_ribbon"></div> </div> <div id="page_container"> <div id="main_content"> <div class="add_padding"> <p class="breadcrumbs"><a href="/index.asp">Home</a> ->> CDIAC</p> <div class="masthead_bca"> <p class="imgright"><img src="/images/logos_original/cdiac_new.png" width="128" height="65" alt="CDIAC logo" style="margin-top:-40px;"></p> <h2 style="padding-top:20px;"><a id="main"></a>California Debt and Investment Advisory Commission </h2> </div> <div class="buttons2"> <p><a href="introduction.asp"><img src="/images/content/buttons/cdiac/about.jpg" width="123" height="123" alt="About CDIAC"></a> <a href="seminars/index.asp"><img src="/images/content/buttons/cdiac/education.jpg" width="123" height="123" alt="Education"></a> <a href="publications.asp"><img src="/images/content/buttons/cdiac/publications.jpg" width="123" height="123" alt="Publications"></a> <a href="debt.asp"><img src="/images/content/buttons/cdiac/debt.jpg" width="123" height="123" alt="Debt Issuance and Election Data"></a> <a href="mmra/index.asp"><img src="/images/content/buttons/cdiac/mmra.jpg" width="123" height="123" alt="Regulatory Resources for Municipal Issuers"></a> <a href="reporting.asp"><img src="/images/content/buttons/cdiac/reporting.jpg" width="123" height="123" alt="Reporting Debt Issuance"></a> </p> </div> <div class="content_left_column3"> <div class="leftnav_top"> <h2>Quick Links</h2> <ul> <li><a href="contacts.asp">Contact CDIAC</a></li> <li><a href="meeting/index.asp">Meeting Agendas, Schedule and Materials</a></li> <li><a href="dashboard/covid-19.asp#resource">COVID-19 Municipal Debt Resources</a></li> <li><a href="seminars/index.asp">Seminar or Webinar Registration</a></li> <li><a href="https://lp.constantcontactpages.com/sl/mrOLhv5">Sign Up for Notice of CDIAC Seminars and Publications</a></li> </ul> </div> <br> <div class="leftnav_top"> <a href="https://dataportal.treasurer.ca.gov/" target="_blank"><img src="images/data-portal.png" width="314" height="81" alt="data portal button"></a> <a href="https://edportal.treasurer.ca.gov/" target="_blank"><img src="images/ed-portal-1.png" width="314" height="81" alt="education portal button"></a> <a href="https://debtguide.treasurer.ca.gov/" target="_blank"><img src="images/debt-guide.png" width="314" height="81" alt="Debt guide button"></a> <a href="http://debtwatch.treasurer.ca.gov/" target="_blank"><img src="images/debt.watch.png" width="314" height="81" alt="Debtwatch button"></a> </div> <div class="leftnav"> <h2>Education Highlights</h2> <ul> <li><strong>Upcoming Programs</strong></li> <li><a href="/cdiac/seminars/2025/0122/index.asp">Advanced Public Funds Investing: The Analytics of Investment Selection</a><br>January 22–23, 2025 | Costa Mesa, CA</li> <li><a href="/cdiac/seminars/2025/0408/index.asp">Municipal Market Disclosure: Fundamentals and Evolving Practices</a><br>April 8–9, 2025 | Costa Mesa, CA</li> </ul> <ul> <li><strong>On-Demand Programming:</strong></li> <li><a href="/cdiac/seminars/elect-ed-landing.asp">Debt Issuance and Administration Series for Elected Officials</a></li> </ul> <ul> <li><strong>Recent Seminars and Webinars:</strong></li> <li><a href="/cdiac/webinars/2024/1119/index.asp">Practical Adaptations to the Evolution of Credit Ratings</a><br>November 19, 2024 | Webinar</li> <li><a href="/cdiac/seminars/2024/1023/index.asp">Pre-Conference to The Bond Buyer’s CA Public Finance Conference: The Pursuit of Fair and Efficient Pricing</a><br>October 23, 2024 | San Francisco, CA</li> <li><a href="/cdiac/webinars/2024/1010/index.asp">Annual Municipal Disclosure Training</a><br> October 15, 2024 | Webinar</li> <li><a href="/cdiac/webinars/2024/0924/index.asp">Municipal Debt Essentials</a><br>September 24–26, 2024 | Pomona, CA</li> <li><a href="/cdiac/webinars/2024/0522/index.asp">Current Topics and Practices in Land-Secured and Development Finance</a></li> <li><a href="/cdiac/webinars/2024/0321/index.asp">Arbitrage Risks and Opportunities in the Current Market</a><br></li> <li><a href="/cdiac/webinars/2024/20240228/index.asp">Fundamentals of Public Funds Investing</a></li> <!-- <li><a href="/cdiac/seminars/2023/20231018/index.asp">The Bond Buyer California Public Finance Pre-Conference: Managing Your Borrowing Costs Through Market Turbulence</a></li> <li><a href="/cdiac/webinars/2023/20230919/index.asp">Municipal Green Bond Disclosure: Investor Guidance and Issuer Perspective</a></li> --> </ul> </div> <div class="leftnav"> <h2>Featured Publications</h2> <ul> <li><a href="/cdiac/debtpubs/2024/202411.pdf">Debt Line</a><br>November 2024</li> <li><a href="/cdiac/debtpubs/2024/202410.pdf">Debt Line</a><br>October 2024</li> <li><a href="/cdiac/reports/M-Roos/2023.pdf">Mello-Roos Yearly Fiscal Status Report Summary for Reporting Year 2022-23</a></li> <li><a href="/cdiac/publications/results-2024-local.pdf">Results of the 2024 Primary Election: Bond and Tax Measures Appearing on the 2024 Primary Ballots</a></li> <li><a href="/cdiac/publications/k14update-2024.pdf">K-14 Voter Approved General Obligation Bonds: Authorized, But Unissued – 2024 Update</a></li> <li><a href="/cdiac/reports/annual/2023/annual.pdf">2023 Annual Report </a></li> <!-- <li><a href="/cdiac/publications/issuebriefs/230412.pdf">Practical Considerations and Decision Points for Municipal Lease Financing in California</a></li>--> <!-- <li><a href="/cdiac/publications/k14-approved.pdf">K-14 Voter Approved General Obligation Bonds: Authorized, But Unissued – Extended 2023 Update</a><br>May 2023</li> <li><a href="/cdiac/publications/results-2022-local-and-general.pdf">Results of the 2022 Local and General Elections</a></li> <li><a href="/cdiac/publications/results-2022-local.pdf">Results of the 2022 Local and Primary Elections</a></li> --> <li><a href="/cdiac/LAIG/guideline.pdf">Local Agency Investment Guidelines</a></li> <li><a href="/cdiac/debtpubs/financing-guide.pdf">California Debt Financing Guide (PDF)</a> </li> <li><a href="/cdiac/invest/primer.pdf">California Public Fund Investment Primer</a></li> </ul> </div> <div class="contact_feature"> <h2>Connect With Us</h2> <p> <!-- <a href="https://twitter.com/cdiac_sto"><img src="/images/twitter.jpg" width="32" height="32" alt="Twitter" title="Twitter" /></a> <a href="https://lp.constantcontactpages.com/sl/mrOLhv5"><img src="/images/listserv.jpg" width="32" height="32" alt="Sign Up to Get CDIAC Information" /></a> <a href="contacts.asp"><img src="/images/contact.jpg" width="32" height="32" alt="Contact Us!" title="Contact Us!" /></a> --> <a style="width:35px; height:35px;" href="https://lp.constantcontactpages.com/sl/mrOLhv5"><img style="background-color: #2c5279; border-radius:3px;" src="/images/Email-Notifications-Icon.png" width="32" height="32" alt="Email sign up" title="Email sign up" /></a> <a style="width:35px; height:35px;" href="https://www.linkedin.com/company/cdiac/"><img style="background-color: #2c5279; border-radius:3px;" src="/images/LinkedIn-Icon.png" width="32" height="32" alt="Linked-In" title="Linked-In" /></a> <a style="width:35px; height:35px;" href="https://X.com/cdiac_sto"><img style="background-color: #2c5279; border-radius:3px;" src="/images/X-Icon.png" width="32" height="32" alt="Social media X" title="X" /></a> <a style="width:35px; height:35px;" href="https://www.treasurer.ca.gov/cdiac/contacts.asp "><img style="background-color: #2c5279; border-radius:3px;" src="/images/Contact-Icon.png" width="32" height="32" alt="Contact us" title="Contact Us!" /></a> </p> </div> </div> <div class="content_right_column3"> <p>The California Debt and Investment Advisory Commission (CDIAC) improves the practice of public finance in California by providing responsive and reliable information, education, and guidance to state and local public agencies and other public finance professionals.</p> <div id="green-box"> <a class="green-box-link" href="dashboard/climate.asp"><img src="../images/content/buttons/cdiac/covid-green-1.gif" width="123" height="123" alt="COVID-19 button 1"></a> <a style="line-height:100%;" class="green-box-link" href="https://www.treasurer.ca.gov/cdiac/dashboard/weekly-snap.asp"><img src="../images/content/buttons/cdiac/covid-green-3.gif" width="123" height="123" alt="COVID-19 button 3"></a> </div> <div class="clear_both"></div> <div class="cdiacgraphs"> <h2 class="text-primary-color">Cumulative California Public Debt Issuance<br> (in billions)</h2> <p><a href="graphs/index.asp"><img src="/images/graphs/cdiac/1-cumulative_small.jpg" width="337" height="183" alt="Line graph of Cumulative California Public Debt Issuance"></a></p> <h2 class="text-primary-color">California Public Debt Issuance<br> September (in Millions)</h2> <p><a href="graphs/index.asp"><img src="/images/graphs/cdiac/2-california_small.jpg" width="336" height="158" alt="Column graph of California Public Debt Issuance for the Current Month"></a></p> <h2 class="text-primary-color">State* vs Local Debt Issuance<br> September (in Millions)</h2> <p><a href="graphs/index.asp"><img src="/images/graphs/cdiac/3-monthly_small.jpg" width="330" height="169" alt="Column Graph of State vs Local Debt Issuance for the Current Month"></a></p> <!-- <p class="ninetypercent"><sup>1</sup> Data may not include issuances reported after the 22nd day of the following month.</p> --> </div> </div> <div class="cleaner"></div> </div> </div> </div> <!-- Bottom footer --> <div id="footer_2" role="region" aria-label="footer"> <div><a href="/index.asp">Home</a> | <a href="/comments.asp">Comments</a> | <a href="/disclaimer.asp">Disclosure Notice</a> | <a href="/privacy.asp"> Privacy Notice</a> | <a href="/accessibility.asp">Accessibility Statement</a> | <a href="/unclaimed.asp">Unclaimed Property</a> | <a 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